In April, rising share prices since the beginning of the year have done little to ignite investor enthusiasm for equity funds. Investors added a mere £62.7m to their equity fund holdings, taking the year-to-date total to £169m.

Some of the key highlights from this month’s FFI:

Investors add just £62.7m to equity funds in April, taking YTD total to £169m

This compares to an inflow of £4.0bn in the same period a year ago

Despite almost no new money flowing into equity funds, investors are trading equity funds at record levels, indicating switching on a massive scale